BMW Faces Second Profit Warning as It Accelerates Cost-Cutting Measures

By admin November 4, 2026 No comment

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BMW shares rose 2.3% on Wednesday despite the German automaker lowering its 2026 financial outlook for the second time this year and reporting a sharp decline in quarterly profits. The company now expects its 2026 operating margin in the core automotive business to range between -0.5% and 0.5%, well below its long-term target of 8% […]

Tesla Sales Rebound Across Northern Europe Amid Growing Chinese Competition

By admin November 2, 2026 No comment

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Tesla recorded a significant rise in new vehicle registrations across Northern Europe in October, marking a strong recovery despite increasing competition from Chinese electric vehicle manufacturers. Registrations surged 248% in Sweden, 131% in Norway and 34% in Denmark, according to market data. The recovery was supported by higher fuel prices, government incentives,

Volkswagen Workers Threaten Strikes Over Cancelled Wage Agreements

By admin October 23, 2026 No comment

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Volkswagen workers in Germany have threatened industrial action from January unless the automaker reverses its decision to terminate wage agreements by the end of October. The dispute intensified after the company cancelled almost all wage deals with its German workforce in September, putting established labour protections, including working hours and holiday pay, up for

Volvo Cars to Cut 2,500 Jobs After Quarterly Loss

By admin October 23, 2026 No comment

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Volvo Cars has announced plans to cut 2,500 jobs globally as it faces mounting financial pressure from weak demand, US tariffs and intense competition from Chinese automakers. According to Reuters, the Swedish carmaker reported an adjusted operating loss of 3.7 billion Swedish crowns ($373 million) in the third quarter of 2026, compared with a profit […]

Chinese Automakers Target Europe’s Premium Car Market with Advanced Technology

By admin October 16, 2026 No comment

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Chinese automakers are expanding their ambitions in Europe, targeting the premium car segment with technology-focused electric vehicles. At the 2026 Paris Motor Show, brands such as BYD’s Denza, Changan’s Avatr and Aito showcased vehicles featuring advanced driver-assistance systems, rapid charging and enhanced comfort features. Their strategy centres on

Tesla September Registrations Rise Across Europe, Extending Recovery

By admin October 1, 2026 No comment

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Tesla’s new-car registrations increased across several European markets in September, adding to signs of a recovery for the U.S. electric vehicle maker after two years of declining sales in the region. Registrations rose 61.9% in France, 2.2% in Norway and 38.4% in Sweden compared with the same month last year, according to data from national […]

Thousands of Audi Workers Protest Over Possible Neckarsulm Plant Closure

By admin July 29, 2026 No comment

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Thousands of Audi employees gathered in Neckarsulm, Germany, to protest against the possible closure of the automaker’s manufacturing plant as parent company Volkswagen continues a major restructuring programme. According to the works council, around 6,000 workers took part in the demonstration, expressing concerns over job security and the future of the facility.

Volkswagen Plans Deeper Cuts Amid Rising Chinese Competition

By admin July 24, 2026 No comment

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Volkswagen has announced plans to deepen cost-cutting measures as Chinese automakers continue expanding into the European market. CEO Oliver Blume said the company faces growing competitive pressure from more than 150 Chinese brands, alongside challenges from tariffs and weakening demand in China. The automaker is seeking major restructuring to remain competitive. The

Volvo Expects Recovery Despite China Slump

By admin July 17, 2026 No comment

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Volvo Cars expects a stronger second half of 2026 despite reporting weak second-quarter results driven by a sharp slowdown in China and rising production costs. The Swedish automaker posted an operating profit of $82.8 million for the April–June period, but its shares fell around 8% after the results were announced. Sales in China, the world’s […]

BYD Nears Decision on Second European Manufacturing Plant

By admin July 1, 2026 No comment

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Chinese electric vehicle giant BYD is close to finalising plans for a second manufacturing facility in Europe as it accelerates its regional expansion. Speaking at the Reuters Automotive Europe conference in Frankfurt, BYD’s special adviser for Europe, Alfredo Altavilla, said a decision is expected soon, with Spain and France emerging as the leading candidates. The